For some perspective on the single-family home market, today’s chart presents the median single-family home price divided by the price of one ounce of gold. This results in the home / gold ratio or the cost of the median single-family home in ounces of gold. For example, it currently takes a relatively low 168 ounces of gold to buy the median single-family home. This is dramatically less than the 601 ounces it took back in 2001. When priced in gold, the median single-family home is down 72% from its 2001 peak. Since making a new 32 year low back in early 2012, home prices (priced in that other global currency — gold) have worked their way higher. Currently, home prices (priced in gold) are currently testing support of a three-year uptrend

Who doesn’t want to get smitten with a brilliant-cut cubic zirconia? This fascinating synthesized material bears an impressive flawless and vivid colorful appearance, with the visual beauty akin to the precious diamond. To tell you the truth, Cubic zirconia jewelry has given a tough competition to the diamond market, considering its striking resemblance and color […]